01.06.22 Macro Afternoon
Chris Becker | Jun 01, 2022 16:56
Another mixed session for Asian share markets reacting to the poor lead from Wall Street and European shares overnight which continue to be rattled by inflation concerns. In currency land, the Australian dollar took the latest GDP in its stride as Euro and Pound Sterling moved lower against USD. Oil prices are sliding with Brent crude continuing its pullback from overnight after briefly touching the $120USD per barrel level while gold has continued its rollover below the $1850USD per ounce level:
The economic calendar includes German retail sales and final manufacturing PMI surveys for UK and Euro area, followed by the US ISM print.
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